Failure To Follow Proper Bankruptcy Procedures Can Be Costly
In the Chapter 13 bankruptcy case of Wilson, David M. and Jamie M.; In re, the bankruptcy court denied the debtors' objection to a creditor's proof of claim and the bankruptcy plan was not...
A Cautionary Tale For Potential Real Estate Buyers
In the bankruptcy case of O'Brien, Patrick S. and Denise L.; In re (Jensen v. O'Brien), a land buyer may lose his investment because of failing to practice due diligence before buying the land....
Commercial Real Estate Developers Chose Bankruptcy To Thwart Foreclosure
David Bagwell, a Colleyville luxury home developer has placed the partnerships that own three of his subdivisions into Chapter 7 bankruptcy so that he can avoid foreclosure on the undeveloped land. The group of...
Bankruptcy Court Rules House Worth Only What Buyers Will Pay
In the bankruptcy case of Lewis, Kevin L. and Kathy A.; In re (Lewis v. State Street Bank), the bankruptcy court ruled that the value of a home was only what buyers were willing...
Bankruptcy Court Overrules Objection To Reaffirmation Agreement
In the Chapter 7 bankruptcy case of Boliaux, Edward F.; In re, the bankruptcy court overruled an objection to a reaffirmation agreement saying that the objection, which was based on the hardship presumption, was...
New Health Care Reform Bill May Hold Some Surprises For Student Loan Debtors
In a bill that is suppose to address the current health care issues facing the country there are a few surprises for debtors struggling under the weight of student loans. As of July 2010,...
Can I Discharge My Second Mortgage In Chapter 13 Bankruptcy?
While in most cases filing for Chapter 7 bankruptcy will not impact your mortgage, Chapter 13 bankruptcy in another matter. When a debtor files for Chapter 13 bankruptcy and has a second mortgage he/she...